UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Under the Securities Exchange Act of 1934
HYTK Industries, Inc.
(Name of Issuer)
Common Stock, par value $0.001
(Title of Class of Securities)
404425 50 6
Ken Kurtz, 2133 East 9400 South, Suite 151, Sandy, Utah84093
(Name, address and telephone number of person authorized to receive
notices and communications)
March 5, 1998
(Date of Event which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is subject of this Schedule
13D, and is filing this schedule because of Rule 13d-1(b)(3) or
(4), check the following box ( ).
Check the following box if a fee is being paid with the statement
CUSIP No. 404425 60 5 Page 1
of 3 Pages
1) NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Park Street Investments, Inc. ("Park Street"), 87-0517103
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) ( )N/A (B) ( ) 3) SEC USE ONLY 4) SOURCE OF FUNDS OO 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e). ( )
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Park Street was organized in the State of Utah.
7) SOLE VOTING POWER NUMBER OF 2,002,565 (97.6%) SHARES BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH 2,002,565 (97.6%) 10) SHARED DISPOSITIVE POWER
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14) TYPE OF REPORTING PERSON
Park Street --- CO
Item 1. Security and Issuer
This statement relates to common stock, par value $0.001 per
share, of HYTK Industries, Inc. ("Common Stock"). HYTK
Industries, Inc. ("HYTK") a Nevada corporation with principal
executive offices at 2133 East 9400 South, Suite 151, Sandy, Utah84093.
Item 2. Identity and Background
(a) This statement is filed by Park Street Investments, Inc., a
Utah corporation ("Park Street").
(b) The business address for Park Street is 2133 East 9400
South, Suite 151, Sandy, Utah84093.
(c) The principal business of Park Street is providing financial
and business consulting services.
(d) During the last five years, Park Street has not been
convicted in a criminal proceeding (excluding traffic
violations and similar misdemeanors)
(e) During the last five years, Park Street was not party to a
civil proceeding that resulted in a judgment, decree or
final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state
securities laws or finding any violation with respect to
Item 3. Source and Amount of Funds or Other Consideration
On September 20, 1995, Park Street received 102,567 shares of
Common Stock of the issuer as compensation (by way of finders
fee) for consulting services rendered as part of the negotiations
for, and the securing of, Canton Financial Services Corporation
("Canton"), a Nevada corporation, to provide general business
consulting services to HYTK. On October 31, 1995, the Majority
Shareholders of the issuer effected a 40-to-one reverse stock
split on the Company's issued and outstanding Common Stock. On
March 5, 1998, Park Street received 2,000,000 shares of Common
Stock of the issuer as compensation for consulting services.
Item 4. Purpose of Transaction
On September 20, 1995, the purpose of the issuance of stock to
Park Street was to compensate it, by way of finders fee, for the
consulting services that it had rendered as part of the
negotiations for, and the securing of, Canton to provide general
business consulting services to HYTK. On March 5, 1998, the
purpose of the issuance of stock to Park Street was compensation
for consulting services, pursuant to a Financial Consulting
Agreement dated March 5, 1998 between HYTK and Park Street.
Item 5. Interest in Securities of the Issuer
(a) The aggregate number and percentage of class of securities
identified pursuant to Item 1 beneficially owned by each
person named in Item 2 may be found in rows 11 and 13 of the
(b) The powers each person identified in the preceding paragraph
has relative to the shares discussed herein may be found in
rows 7 through 10 of the cover page.
(c) There were no transactions in the class of securities
reported on that were effected during the last sixty days
aside from those discussed herein.
(d) No person aside from the reporting persons listed herein has
the right to receive or power to direct the receipt of
dividends from, or the proceeds from the sale of, such
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
The Issuer entered into a Consulting Agreement dated September 1,1995 and for an initial term of five years with Canton whereby
Canton was to provide business consulting services to HYTK.
Pursuant to this Consulting Agreement, HYTK issued Park Street
102,567 restricted shares of it's Common Stock, as a finder's fee
relative to Park Street introducing the Issuer to Canton. On
April 1, 1997 a Mutual Agreement to Terminate was signed by the
Issuer and Canton, whereby HYTK and Canton agreed to mutually
terminate the Consulting Agreement, dated September 1, 1995
between the Issuer and Canton, to the full extent. On March 5,1998, the Issuer and Park Street entered into a Financial
Consulting Agreement, whereby Park Street was to provide the
Issuer with consulting services. As compensation for the
consulting services, HYTK issued Park Street 2,000,000 restricted
shares of it's Common Stock.
Item 7. Material to Be Filed as Exhibits.
Consulting Agreement dated September 1, 1995 between HYTK
Industries, Inc. and Canton Financial Services Corporation
attached hereto, marked Exhibit "A" and incorporated by reference
Financial Consulting Agreement dated March 5, 1998 between HYTK
Industries, Inc. and Park Street Investments, Inc. attached
hereto, marked Exhibit "B" and incorporated by reference herein.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Park Street Investment, Inc.
/s/ Ken Kurtz, President